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November 17, 2014
A fire at Shell’s Norco, LA, refinery on 13 November sparked a rally in ethylene markets late last week. St. Charles Parish Emergency Operations Center reported on 13 November...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-Norco-fire-ignites-spot-ethylene-rally_65474.html
November 14, 2014
Fertilizer producer Grupa Azoty (Tarnów, Poland) posted a net profit of 9 million zlotych in the third quarter of 2014, a big increase from the Zl 200,000 net profit reported by...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Polands-Grupa-Azoty-posts-higher-earnings_65443.html
November 14, 2014
Europe's para-xylene (p-xylene) contract price (ECP) has not yet settled for November despite market chatter about a preliminary agreement. Asia's contract price (ACP) has...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Europe-p-xylene-November-contract-remains-unsettled_65453.html
November 13, 2014
Brazil's competition authority CADE (Brasilia) has rejected Braskem's proposed acquisition of Solvay's 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa-update-adds-Braskem-comment_65343.html
November 13, 2014
M&G Chemicals (Luxembourg), a wholly owned subsidiary of Mossi Ghisolfi Group (Tortona, Italy), has signed an agreement to issue $300 million in new equity to private equity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Private-equity-firm-TPG-acquires-minority-stake-in-M-and-G-Chemicals-via-capital-increase_65363.html
November 13, 2014
Samsung Total Petrochemicals, a 50-50 joint venture between Samsung and Total, has inaugurated an aromatics expansion at the jv's plant at Daesan, South Korea. The won1.66-trillion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Samsung-Total-inaugurates-p-xylene-expansion-in-Korea_65361.html
November 13, 2014
BP has extended the force majeure on acetic acid production at the company's Hull-Saltend site in the United Kingdom, through December, the company says. BP will, however, raise its...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/BP-extends-acetic-acid-force-majeure-at-UK-site-through-year-end_65357.html
November 13, 2014
Two new liquefied natural gas (LNG) powered sea vessels were launched on Teesside today. Operated by shipowner Anthony Veder, the new ships will carry liquefied ethylene gas from...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/New-vessels-launched-to-ship-Sabics-ethylene-produced-in-the-UK_65311.html
November 13, 2014
Potash producer K+S (Kassel, Germany) today reported a 1.1% increase in third-quarter revenues to €826.9 million ($1.03 billion) with Ebitda advancing 6.5% to €187.0 million...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-reports-improved-third-quarter-results-upgrades-forecast_65351.html
November 12, 2014
Technip said today that Sasol has awarded it a contract to provide engineering and procurement services for eight Technip proprietary Ultra Selective Conversion furnaces for a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-awards-ethylene-furnace-contract-to-Technip_65044.html
November 12, 2014
Reports say investment giant Capital Group has upped its stake in PotashCorp to 83.1 million shares—just above 10% of the total, making its ownership double that of any other...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Reports-Capital-Group-ups-stake-in-PotashCorp_65322.html
November 12, 2014
Indorama Ventures (Bangkok), a major producer of polyester, plans to further back integrate to ethylene production and is in discussions with partners to build a greenfield ethylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Indorama-plans-shale-cracker-JV-in-the-US-another-MEG-plant_65314.html
November 12, 2014
LyondellBasell Industries will invest about €200 million to modernize its petrochemical site at Berre, France, following the permanent closure of the company's refinery at the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-to-invest-&euro200-million-at-Berre-site_65313.html
November 11, 2014
OCI Partners (Nederland, TX) reports third-quarter income of $19 million, down 21% year-over-year (YOY) from $24 million. Sales totaled $90 million, down 6% YOY from $96 million. The company cites lower ammonia production and lower methanol prices....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-earnings-down-21-percent-YOY-on-volume-costs_65301.html
November 11, 2014
Atul, a major base chemicals and derivatives producer in western India, is converting its mercury cell chlor-alkali plant to membrane technology. The company has awarded ThyssenKrupp...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Atul-builds-membrane-cell-chlorine-plant-in-India_65287.html
November 11, 2014
The Israeli cabinet has approved the country's Sheshinski Committee II's recommendations on fiscal and tax policies for Israel's natural resources, the country's ministry of finance...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Israeli-cabinet-approves-recommendations-for-higher-taxes-on-companies-exploiting-natural-resources_65286.html
November 10, 2014
Momentive Specialty Chemicals (MSC) today reported third-quarter Ebitda up 4% year-on-year (YOY), to $125 million, on revenues up 8%, to $1.35 billion. The increases were mostly due to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/formaldehyde/Momentive-Specialty-Chemicals-reports-earnings-increase_65277.html
November 10, 2014
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB; La Paz), has awarded Tecnimont a consulting services contract on YPFB's planned propylene and polypropylene (PP)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Tecnimont-wins-consulting-contract-for-YPFB-propylenePP-project_65255.html
November 10, 2014
Idemitsu Kosan (Tokyo) restarted its 687,000-m.t./year steam cracker at Tokuyama, Japan, this weekend, according to media reports. The cracker was offline since October following an...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Idemitsu-Kosan-restarts-Tokuyama-cracker_65257.html
November 10, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) says it has begun the process of restarting the ethylene plant at its Port Arthur, TX, facility. The company expects the plant to be running at full capacity by the end of the year....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-restarts-Port-Arthur-TX-ethylene-plant_65276.html
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